PANews
PANews|Oct 16, 2026 13:47
[ChangXin Technology: Net profit expected to reach RMB 131 billion to RMB 132.5 billion in the first three quarters of 2026, turning losses into gains year-on-year] ChangXin Technology announced that it expects operating revenue for the first three quarters of 2026 to be approximately RMB 265 billion to RMB 270 billion, an increase of RMB 232.916 billion to RMB 237.916 billion compared to the same period last year. Net profit attributable to shareholders of the listed company is expected to be approximately RMB 131 billion to RMB 132.5 billion, compared to a loss of RMB 5.28 billion in the same period last year, marking a year-on-year turnaround to profitability. The company stated that due to factors such as the growing demand for AI computing power and the improved prosperity of the DRAM industry, product demand has exceeded supply, leading to significant price increases. The company is advancing capacity expansion, product research and development, and process technology improvements, while optimizing operational management and expanding its market presence.
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